Zone Stores is authorized to issue 12,000 shares of common stock. During a two-month period, Zone completed these stock transactions: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Journalize the transactions. Begin by journalize the transaction on April 23. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Accounts Date Debit Credit Apr 23 Next, joumalize the transaction on June 12. Journal Entry Accounts Date Debit Credit June 12 Requirement 2. Prepare the stockholders' equity section of Zone's balance sheet for the transactions. The company's Retained Earnings account has a balance of $48.000 (Enter the accounts in the proper order for the stockholders' equity section of the balan Requirement 2. Prepare the stockholders' equity section of Zone's balance sheet for the transactions. The company's Retained Earnings account has a balance of $48,000. (Enter the accounts in the proper order for the stockholders' equity section of the bal sheet.) Balance Sheet (Partial) Stockholders' Equity $ par shares shares Total paid-in capital Total stockholders' equity Data table Apr June 23 Issued 3,000 shares of $2.00 par common stock for cash of $14.50 per share. 12 Received inventory with a market value of $19,000 and equipment with market value of $40,000 for 3,200 shares of the $2.00 par common stock